Bombardier Inc. Class A · TSX:BBD.A
Bombardier Inc. Class A — Q3 2021 Earnings Presentation
11 slides from Bombardier Inc. Class A's earnings presentation, Oct 28, 2021
Slide 1: Financial Results
Financial Results For the third quarter ended September 30th, 2021 October 28th, 2021
Slide 2: Caution Regarding Forward-Looking Statements
CAUTION REGARDING FORWARD-LOOKING STATEMENTS This presentation includes forward-looking statements, which may involve, but are not limited to: statements with respect to our objectives, anticipations and outlook or guidance in respect of various financial and global metrics and sources of contributi
Slide 3: Key Priorities
KEY PRIORITIES 2021: A transition year with focus on 4 key areas ▪ Global 7500 learning curve improvement ▪ Increasing productivity and cost reduction ▪ Aftermarket growth ▪ Deleveraging balance sheet 3
Slide 4: Debt Management and Liquidity Update
DEBT MANAGEMENT AND LIQUIDITY UPDATE As at September 30th, 2021 DEBT MATURITY PROFILE PRO FORMA LIQUIDITY1 (NOTIONAL AMOUNT IN MILLIONS OF DOLLARS) Restricted Cash $2,000 $1,500 $1,318 $1,000 $750 $510 2021 to 2024 2025 2026 2027 2028 2034 2023 (Dec) Cash on Hand Pro forma Liquidity Note: Chart data
Slide 5: Revenues
REVENUES For the three-month periods ended September 30th REVENUES AIRCRAFT TOTAL REVENUES1 DISTRIBUTION2 DELIVERIES2 $1.4B $1.4B $0.2B 21% 4 $1.2B 8 27 15 79% Q3 2020 Q3 2021 Bombardier Divested aviation Aircraft manufacturing Aftermarket Large Medium Light businesses Note: Chart data may not be to
Slide 6: Earnings
EARNINGS For the three-month periods ended September 30th ADJUSTED ADJUSTED REPORTED EBITDA1,2 EBIT1,2 EBIT1,2 and Adjusted EBITDA margin and Adjusted EBIT margin and Reported EBIT margin $49M $48M 3.4% 3.3% $142M 9.8% $84M $(29)M $(11)M 6.0% (0.8)% (2.1)% Q3 2020 Q3 2021 Q3 2020 Q3 2021 Q3 2020 Q3
Slide 7: Free Cash Flow and EPS
FREE CASH FLOW1 AND EPS For the three-month periods ended September 30th TOTAL Q3 2021 ADJUSTED EPS1,2 FCF1,2 $(0.04) $(0.09) 2020 2021 DILUTED EPS2 $(0.01) Cash flows Capex2,3 Free Cash $(0.16) from operating Flow1,2 2020 2021 activities2 Note: Chart data may not be to scale. 1. Non-GAAP financial
Slide 8: Bombardier
BOMBARDIER Exception
Slide 9: Financial Performance
FINANCIAL PERFORMANCE For the three-month periods ended September 30th Q3 2020 Q3 2021 Variance restated(1) Revenues(2) $1,449 $1,405 3% Adjusted EBITDA(2)(3) $142 $84 69% Adjusted EBITDA margin(2)(3) 9.8% 6.0% 380 bps Adjusted EBIT(2)(3) $49 $(11) nmf Adjusted EBIT margin(2)(3) 3.4% (0.8)% 420 bps
Slide 10: Caution Regarding Non-GAAP Financial Measures
CAUTION REGARDING NON-GAAP FINANCIAL MEASURES Non-GAAP financial measures Adjusted EBIT EBIT excluding special items. Special items comprise items which do not reflect the Corporation’s core performance or where their separate presentation will assist users of the consolidated financial statements i
Slide 11: Reconciliation of Non-GAAP Financial Measures
RECONCILIATION OF NON-GAAP FINANCIAL MEASURES 11